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Search Results 0 to 11 of about 12 (some duplicates have been removed)
MSNBC
Dec 31, 2012 5:00pm PST
agreed on a plan for tax rates as one part of the fiscal cliff negotiations, there will be no vote on such a plan in the house tonight. the lower chamber has adjourned until tomorrow at noon. but over in the senate, lawmakers say they could see a vote on that agreement some time before morning. >> i think there is going to be an attempt to try to bring this to the floor this evening. and so you're probably talking several hours before it would come to the floor. but i think they're going to do that decision. >> senator corker was echoed by senator tom coburn of oklahoma who explained why after weeks of no movement in congress there is a sudden push to get a deal done. here is with cnbc's larry kudlow. >> let me ask you, sir. do you think tonight there will be a senate vote on some kind of deal? >> well, i think there should be very late tonight or early in the a.m., even if this gets enacted in the next couple of days, it's all going to be retroactive to january 1st. but the very point of it is when you have a deal of this nature, you need to get it passed before you start having all
MSNBC
Dec 29, 2012 12:00am PST
floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's the bear minimum that we should be able to get done. >> majority leader reid is ready to follow through on an up or down vote. reid said in a at the same time, "at president obama's request, i am readying a bill for a vote by monday that will prevent a tax hike on middle class families, making up to $250,000, and that will include the additional critical provisions outlined by president obama." president obama pointed out the danger of inaction. >> the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering, but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already, you're seeing businesses and consumers starting to hold back, b
MSNBC
Dec 28, 2012 12:00am PST
two bills that the house has already acted on and included an extension of all the bush tax cuts, something that has zero chance of passing the senate. meanwhile, senate minority leader mitch mcconnell knocked heads with reid but also sounded amenable to some kind of deal. >> the so-called senate bill that the majority leader keeps referring to passed with only democratic votes. last night i told the president it would be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. >> but is it just more political posturing? senate majority leader reid returned to the floor to encourage speaker boehner to take the deal president obama offered before boehner tried to pass his disastrous plan b. >> again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was
MSNBC
Dec 31, 2012 8:00pm PST
of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the lengtext tha language. and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what be
MSNBC
Dec 27, 2012 12:00am PST
voted against all of that and stayed true to the purity of the tea party dogma, no taxes, no deals, no compromises, no nothing, period. this is the wall the tea party have raised up, the wall beyond which people who captured. what they campaigned against was spending money on government, that is what taxes are. got it? and that's hardball for now, thanks for being with us "the ed show" with ed schultz starts right now. >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the detail
MSNBC
Jan 1, 2013 12:00am PST
tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> it is not possible -- >> it is mathematically possible. >> it has been done a couple of times. >> jack kennedy -- >> oh, now you're jack kennedy. >> i sat down with the vice president, joe biden, and we sat down and talked about americans and principles. >> it is great to be here, i'm a fan. >> thank you, my head explodes when i hear you can't raise taxes on the job creators. what goes through your mind? >> what goes through my mind is where in the heck have these guys been? that was the same argument listening on the senate floor, that george bush made, put that god-awful tax break for the super wealthy, without paying for it. they were going to create jobs. what happened? a slower job growth rate in 50 years once that passed. >> do you think this is an instant replay? >> i don't know, they talk about out of touch. haven't they seen this movie? i mean, what makes anybody think? look, all this done is the god-awful tax cuts that romney wants to put in there, $250,000 a year tax cut for t
MSNBC
Dec 26, 2012 8:00pm PST
only choice we have is to save taxes going up on the middle class, i would support that, but i wish we would have a comprehensive bill that dealt with spending, dealt with entitlements and dealt with taxes all together. >> if we do fall off the cliff after the president's inaugurated, he'll come back, propose just what he proposed yesterday, in leaving washington, and we'll end up adopting it, why should we put the markets in such turmoil and the people in such misunderstanding and lack of confidence. why don't we act now? >> the real tragedy is that the people who would be immediately affected by going over the fiscal cliff are those in the weakest position to defend themselves. let's take a look at the so-called fiscal cliff. the bush tax cuts will expire. everyone, even republicans know if we go over the cliff, the bush tax cuts will be restored for at least 98% of americans. payroll taxes will go back to normal in 2013. the payroll tax cut was always intended to be a temporary measure. the alternative minimum tax would hit middle class americans. year after year, this has been f
Search Results 0 to 11 of about 12 (some duplicates have been removed)